Development Centers Inc

Analysis

Development Centers Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in May 1984, 42 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Development Centers Inc reported income of $23.6m and spending of $23.1m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $23.7m to $23.6m (-0.3%), an average of -0.1% a year. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Development Centers Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MI. Charities of a similar size with the same main cause include University Psychiatric Practice Inc ($23.6m), Penobscot Valley Hospital ($23.6m) and Central Association for the Blind Inc ($23.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $364k (1.6% of expenses). Other salaries and wages came to $10.7m. At year end it held assets of $17.2m against liabilities of $3.0m, net assets of $14.2m. It reported 433 employees.